Jim Cramer Is Watching JPMorgan’s Q1 Results on Wednesday

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on JPMorgan Chase's (JPM) - Get Report first quarter results on Wednesday. 'Everyone expects the banks to be bad,' Cramer said,' adding that $53 should be your 'buy' level for JPM's stock. But Cramer said sometimes when everyone thinks something is going to do poorly, it performs better than expected. Cramer's charitable trust owns Bank of America (BAC) - Get Report and Wells Fargo (WFC) - Get Report .

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.